Brazil: Imports of U.S. wheat will be close to 500,000 tons – losing market share to Argentina

29.08.2016

The imports of wheat from the United States will be around 500,000 tons during the 2016/2017 season, according to the Brazilian Association of the Wheat Industry. This considering from a total of five million metric tons of imports, which would come mostly from Argentina.

“If these projections are accurate, about 90% of the imports would come from Argentina and about 500,000 tons would come from the United States,” said Marcelo Vosnika, president of the Association.

The larger crop in Argentina will lower the imports from the United States, which in recent years had been around one million metric tons, sometimes reaching 1.5 million metric tons. In the first half of 2016, there were imports of U.S. wheat at 218,000 tons comparing to 230,500 metric tons imported in the same period of 2015. The overall imports are at 3.36 million metric tons, which is 11.4 percent higher than last year.

 


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